Rosemount, MN Real Estate Housing Market

The Housing Market in Rosemount, Minnesota is a good example of a Twin Cities suburb poised for a rebound. As of January numbers Rosemount has a couple of indicators favoring better market conditions.

Since January last year Rosemount's Monthly Market Conditions have changed from a Buyer's Market to a Seller's Market. January's Absorption Rate stood at 5.1 Months of Inventory whil trending in to 5.2 Months of Inventory from 6.2 in December. The overall trend on the other hand, which is a 12 month moving average, indicates Rosemount has actually been experiencing a Buyer's Market until November were it entered into a Balanced Market. January 2012 is the third consectutive month were Rosemount has been trending in a Balanced Market.

Home Prices on the other hand have fallen 32% since the housing market peak of 2006 and 14% since 2002. The Home Price Trend in the chart below made it's first movement upward in January 2012 since October.

In the chart below we see what the conditions are for various price ranges in Rosemount. Homes a cross the board seem to be experiencing a Seller's Market as of the date of this post.

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